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Brace for another bank strike on 8th & 9th January

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Brace for another bank strike on 8th & 9th January

Banking services are likely to be impacted on the 8th and 9th of January, 2019 with a chunk of public sector bank employees to be going on a strike spread over two days. They will observe this strike against what is being termed as the anti-worker policy and approach of the Central Government. The nationwide strike may hit banking services over these two days as per reports. The Bank Employees Federation of India and AIBEA (All India Bank Employees Association) have already informed the IBA (Indian Banks’ Association) with regard to the nationwide two day strike on these dates.

IDBI Bank has already confirmed this as part of its regulatory filing to the BSE and during the stock exchange filing, Allahabad Bank has also stated that there are several industry-level demands and issues which have led to the strike being called. The bank has stated that in case the strike goes ahead, normal functioning of some Allahabad Bank branches may be impacted. However, the bank will be taking all necessary measures like other PSBs to ensure that daily functioning goes on smoothly on the day of the strike.

Bank of Baroda has stated that in case the AIBEA and other bodies go ahead with this strike, the functioning of some of its offices/branches may be hampered in a few zones. Private sector entity Karur Vysya Bank has also stated that in case the strike goes ahead, the employees of the bank may participate in the same on the dates mentioned and in such an event, the regular functioning of its offices or branches may be hindered.

10 trade unions, namely CITU, HMS, AITUC, INTUC, AICCTU, AIUTUC, TUCC, SEWA, UTUCA and LPF have already called a nationwide general strike against the Central Government’s anti-people policies as it is being termed on the 8th and 9th of January, 2019. A charter containing 12 demands has already been provided to the Government. On the 26th of December, 2018, 9 banking unions or almost 1 million employees across multiple banks inclusive of private banks, took part in a day’s strike for registering protests against the merger of Dena Bank and Vijaya Bank with Bank of Baroda.

 

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